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Keycorp (KEY) Crosses Pivot Point Resistance at $9.03

Jan 16, 2013 (SmarTrend(R) News Watch via COMTEX) --
Shares of Keycorp (NYSE:KEY) have bullishly opened above the pivot of $8.93 today and have reached the first resistance level of $9.03. Should the shares continue to rise, the resistance pivots of $9.10 and $9.27 will be of interest.

Potential upside of 3.2% exists for Keycorp, based on a current level of $9.01 and analysts' average consensus price target of $9.30. Keycorp shares have support at the 50-day moving average (MA) of $8.39 and additional support at the 200-day MA of $8.16.

Keycorp share prices have moved between a 52-week high of $9.12 and a 52-week low of $6.80 and are now trading 33% above that low price at $9.01 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in Keycorp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Keycorp in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com
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